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Central Capital Investment Subsidy Scheme, 2013 for Industrial units in Himachal Pradesh and Uttarakhand

March 4, 2014 18060 Views 0 comment Print

Notification F.NO.2(1)/2013-SPS The Government of India is pleased to notify the extension of the following scheme of Central Grant or Subsidy under Special Package – II for Industrial units in the states of Himachal Pradesh and Uttarakhand with a view to accellerating the industrial development in these States.

DGFT removes MEP(Minimum Export Price) on export of onions

March 4, 2014 859 Views 0 comment Print

Notification No 72 (RE-2013)/2009-2014, Dated, 4th March 2014 – MEP(Minimum Export Price) on export of onions is removed till further orders

Pre-2005 banknotes – Dos and don’ts for Exchange, RBI extends date to 01.01.2015

March 3, 2014 4614 Views 0 comment Print

Banks should sensitize the members of public that the pre-2005 notes would continue to be legal tender. Banks should endeavour to organize note exchange melas in semi-urban/rural areas. All denominations of banknotes issued prior to 2005 series have to be exchanged.

Maharashtra Value Added Tax (Amendment) Ordinance, 2014

March 3, 2014 3378 Views 0 comment Print

The period of limitation in respect of certain assessment of dealers, who undertake the construction of fiats, dwellings or buildings or premises and transfer them in pursuance of an agreement alongwith land or interest underlying the land, is to expire on the 31st March 2014. In view of the above, to give sufficient time to such class of dealers as well as to the assessing authorities, for assessment, it is considered expedient to extend the limitation period for assessment upto the 30th September 2015, by adding sub-section (13) in section 23 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005).

Form A-1 available for for registration of ‘Importers’ under Central Excise to enable them to pass on Cenvat credit

February 28, 2014 3350 Views 0 comment Print

Necessary modifications have been made in Form A-1 to enable registration of ‘Importers’ as a separate category of Registrants in Central Excise to enable them to pass on Cenvat credit vide Notification No 10/2014 dated 28-2-2014.

DVAT – Online details of Invoice & GR (T-2 Form) of goods procured from outside Delhi

February 28, 2014 48009 Views 0 comment Print

Details of Invoice and Goods Receipt (GR) Note in respect of all goods purchased or received as stock transfer or received on consignment agreement from outside Delhi shall be submitted online by dealers, using their login id and password, before the goods physically enter the boundary of Delhi.

Companies (Corporate Social Responsibility Policy) Rules, 2014

February 27, 2014 73317 Views 0 comment Print

Govt. notifies CSR Rules wef 01.04.2014 – Companies to Spend 2% of Profit . (1) These rules may be called the Companies (Corporate Social Responsibility Policy) Rules, 2014. (2) They shall come into force on the 1st day of April, 2014.

Ministry notifies activities for spending money earmarked for CSR

February 27, 2014 3705 Views 0 comment Print

contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.

CSR Provisions of section 135 & Schedule VII of Companies Act, 2013 Applicable wef 01.04.2014

February 27, 2014 6066 Views 0 comment Print

In exercise of the powers conferred by sub-section (3) of section 1 of the Companies Act, 2013 (18 of 2013), the Central Government hereby appoints the 1st day of April , 2014 as the date on which the provisions of section 135 and schedule VII of the said Act shall come into force.

Additional export incentive for prodcuts listed in Table 3 of Appendix 37D

February 27, 2014 2175 Views 0 comment Print

Market Linked Focus Products Scrip (MLFPS): Export of Products/Sectors of high export intensity/employment potential (which are not covered under present FPS List) would be incentivized @ 2 % of FOB value of exports (in free foreign exchange) under FPS when exported to the Linked Markets (countries), which are not covered in the present FMS list. Such products will be listed.

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